Overview of Banks in Slovakia
The National Bank of Slovakia, the country’s central bank, became part of the Eurosystem in 2009. The Slovak central bank works to keep prices stable, working with the European Central Bank and other central banks in the Eurozone. It also supervises financial institutions and banks in Slovakia.
Slovakia’s banking sector comprises 27 financial institutions, with universal banks focused on retail and corporate banking making up the majority of banks. Three major banks – Slovenska Sporitelna, VUB Banka, and Tatra Banka – dominate the sector, accounting for over 50% of its total assets.
Moody’s Investors Service maintains a stable outlook on banks in Slovakia, as the rating agency expects the current operating environment and capitalization levels to remain strong. However, it warns that the local banking sector will come under pressure due to declines in margins and overall profitability.
For anyone considering a banking career in Slovakia, this list of top banks in Slovakia is a helpful guide on where to start. To learn more, see our list of financial institutions.
The top banks in Slovakia include:
Slovenska Sporitelna (Erste Bank)
Headquartered in Bratislava, Slovenska Sporitelna is the biggest of the commercial banks in Slovakia, according to total assets, client deposits, retail loans, and the number of branches and ATMs. Established in 1825 as Slovakia’s first savings bank, it became a member of the Erste Bank Group (Austria) in 2001.
The bank serves retail and corporate clients, offering a wide range of financial products and services. It currently serves over 2.2 million customers and manages 271 branches and eight regional centers, as well as 805 ATMs, throughout Slovakia.
Revenue: 472 million euros (2017)
Net income: 163.9 million euros (2017)
Total assets: 16.34 billion euros (2017)
VUB Banka (Intesa)
VUB Banka started its operations as a state financial institution in 1990, providing commercial banking activities to corporate clients in the country. In 2001, VUB Banka became a privately held company, after Italian group, IntesaBci (presently Intesa Sanpaolo), acquired a majority shareholding in the bank. It offers a wide range of individual, corporate, and investment banking products and services across Slovakia.
The bank currently operates a network of 182 retail branches, 32 corporate branches, and eight Magnifica centers, as well as 11 mortgage centers focused on offering comprehensive housing financing services.
Revenue: 434.19 million euros (2017)
Net income: 175 million euros (2017)
Total assets: 14.97 billion euros (2017)
Tatra Banka (Raiffeisen)
Founded in 1990, Tatra Bank is the first of private banks in Slovakia. Operating as a universal bank, it offers private, retail, investment, and corporate banking products and services to individual customers, SMEs, and other businesses.
Based in Bratislava, the bank currently operates as a member of Austria’s Raiffeisen Bank International Group and employs 3,500 individuals. It manages 106 branches and 16 commercial business centers across the country.
Revenue: 290.83 million euros (2017)
Net income: 124.34 million euros (2017)
Total assets: 2.5 billion euros (2017)
CSOB Banka (KBC)
In 1964, CSOB Banka started its operations in the former Czechoslovakia with the Czechoslovak State Bank as majority shareholder. In 1999, the bank became a subsidiary of Belgium’s KBC Bank. CSOB provides a wide range of financial products to retail clients, SMEs, and corporations in the country.
Revenue: 232.07 million euros (2017)
Net income: 70.03 million euros (2017)
Total assets: 9.22 billion euros (2017)
UniCredit Bank Czech Republic and Slovakia
Incorporated in 1996, UniCredit Bank Czech Republic and Slovakia operates as a subsidiary of UniCredit SpA. Headquartered in Prague, the bank offers an extensive range of financial products and services to private and corporate clients. It is one of the strongest banks in Slovakia in project, structured, and syndicated corporate finance, as well as in acquisition and commercial real estate financing.
UniCredit Bank serves 185,000 customers through a network of around 140 branches and 400 ATMs across the country.
Revenue: 25.7 million euros (2017)
Net income: 5.47 million euros (2017)
Total assets: 836.8 million euros (2017)
Founded in 1992, Postova Bank offers retail banking products and services to individuals, SMEs, and companies in Slovakia. The bank is a member of J&T Finance Group, a Central European investment group. It also provides insurance and asset management services through subsidiaries.
Revenue: 170.25 million euros (2016)
Net income: 48.61 million euros (2016)
Total assets: 4.26 billion euros (2016)
Prima Banka (Penta Group)
Established in 1993, Prima Banka offers banking solutions to the public sector and municipalities in Slovakia. It also serves private individuals and business entities across the country. Previously known as Dexia Banka Slovensko, it adopted its current name as one of the banks in Slovakia in 2012.
Headquartered in Zilina, Prima Banka currently employs 700 staff and oversees about 100 branches and 230 ATMs.
Revenue: 56.32 million euros (2017)
Net income: 14.94 million euros (2017)
Total assets: 3.55 billion euros (2017)
OTP Banka Slovensko
OTP Banka Slovensko operates as a subsidiary of OTP Bank RT, Hungary’s biggest bank. It owns a universal banking license, along with a full foreign exchange license. The bank offers a comprehensive range of financial products and services to individual clients and legal entities.
Headquartered in Bratislava, the bank currently oversees 60 branches across the country.
Revenue: 47.37 million euros (2017)
Net income (loss): (5.93 million euros) (2017)
Total assets: 1.46 billion euros (2017)
Privatbanka (Penta Group)
Established in 1995, Privatbanka is the first of the banks in Slovakia to offer specialized private banking and asset management services to customers across the country. The bank caters to individual and business clients, providing private, retail, and corporate banking products and services. It operates as a subsidiary of Penta Investments Limited.
Headquartered in Bratislava, the bank operates a network of three regional investment branches and nine regional investment branches for non-cash operations across the country.
Revenue: 17.2 million euros (2017)
Net income: 9.44 million euros (2017)
Total assets: 657.54 million euros (2017)
Slovak Guarantee and Development Bank
Slovak Guarantee and Development Bank is the first Eastern European bank to promote the development of small and medium-sized enterprises, as well as financing the projects of cities and towns in the country. The Ministry of Finance of the Slovak Republic established the specialized banking institution in 1991 in support of the country’s SMEs. The bank currently operates nine regional branches.
Careers in investment banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map…. For banking careers, you will have a significant edge over the competition with our financial modeling courses.
This has been a guide to the top banks in Slovakia. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: